Technical analysis EURJPY for 16.02.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 143.075. The closest resistance is the level 143.525

Key levels

• 144.150, 143.525, 143.075, 142.350, 141.575

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 143.525, with Take Profit of 144.150 and Stop Loss of 143.075

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 143.075, with Take Profit of 142.350 and Stop Loss of 143.525